Top Industries in Deer Lake
Deer Lake is home to a range of industries that are key drivers of the city's economy. Some of the top industries in Deer Lake include:
Tourism
Tourism is a cornerstone of Deer Lake's economy, driven by its natural attractions and proximity to Gros Morne National Park.
Range: $30-$60k
Growth rate: 5%
Forestry
Forestry remains a vital industry in Deer Lake, with sustainable practices ensuring long-term viability.
Range: $40-$80k
Growth rate: 3%
Transportation
The transportation sector is expanding, particularly with the recent airport developments enhancing connectivity.
Range: $35-$70k
Growth rate: 4%
Renewable Energy
Renewable energy is an emerging sector in Deer Lake, with potential for significant growth as Canada shifts towards sustainable energy solutions.
Range: $50-$100k
Growth rate: 7%
Technology
The technology sector is gradually gaining traction in Deer Lake, offering opportunities in IT and digital services.
Range: $60-$120k
Growth rate: 6%
Employment Trends and Growth Rates
Deer Lake is witnessing steady job growth, particularly in tourism and renewable energy sectors, which are expected to drive employment in the coming years.
The town's employment trends reflect a shift towards sustainable industries, with a focus on reducing income inequality and enhancing job stability.
Job turnover rates are relatively low, indicating a stable job market with increasing demand for skilled workers in emerging sectors.
Job Market for Remote and Freelance Workers in Deer Lake
Remote work is becoming increasingly popular in Deer Lake, with approximately 30% of the workforce engaged in remote positions, particularly in tech and digital marketing.
Local companies are adapting to this trend by offering flexible work arrangements, and city-specific job boards are listing more remote opportunities.
The growth of remote jobs in Deer Lake aligns with national trends, providing residents with diverse employment options.
Job Resources and Networking
Deer Lake offers a variety of job resources, including local job boards and career fairs that cater to the community's needs.
The Deer Lake Career Center provides workshops and job placement programs to assist job seekers.
Verified local job boards include DeerLakeJobs.com and NewfoundlandJobs.com.
Entrepreneurial hubs and incubators are also available for those interested in starting their own businesses, particularly in tech and renewable energy sectors.
Property Prices Rankings
The Property Prices Rankings for Canada evaluate affordability and investment potential using indices like the Price to Income Ratio, Mortgage as a Percentage of Income, Loan Affordability, Price to Rent Ratio, and Gross Rental Yield.
Highest to LowestUpdated: Oct, 2025